Comparison of economic development models and indu

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Wu Yongho, comparison of economic development models and industrial policies between China and South Korea

Wu Yongho: distinguished vice president Wu Yin of the Chinese Academy of Social Sciences, president Zhang Dahuan, Ambassador Jin xiazhong, as well as experts and business representatives present here, Hello, everyone. This China South Korea forum is held to discuss the common development between China and South Korea and the common development of the business community. I feel very honored to make a keynote speech here

today, I came to Beijing after three years. In a short time from the airport to the city, I saw the rapid development of Beijing, and I was deeply impressed by the scene of Beijing. There are many situations under construction, and I also feel that Beijing is a vibrant city. Beijing is a city changing with each passing day, which can reflect the rapid development of China. China with unlimited potential, with the excellent leadership of Chinese leaders and the unity of the people, will further promote the development of China's economy, and further promote the accelerated development of China's economy through the opportunities of the 2008 Beijing Olympic Games and the 2010 Shanghai WorldExpo. I have no doubt about this

this year marks the 15th anniversary of the establishment of diplomatic relations between China and South Korea. Our two countries have achieved remarkable economic results in the history of diplomacy. The trade volume between China and South Korea has increased by more than 25% every year, exceeding US $100 billion in 2005. The two heads of state want to reach $200 billion by 2010, and I think this goal will also be achieved ahead of schedule. China has become the largest investment destination of South Korea, and many South Korean enterprises conduct business activities in China. In April, under the slogan of friendly exchanges and creating a better future, the two prime ministers in Seoul designated this year as the year of friendly exchanges between South Korea and China, and held a grand opening ceremony. President Roh moo Hyun and Premier Wen Jiabao discussed the necessity of signing a free trade agreement between South Korea and China. China South Korea relations are about to usher in a prosperous era of Northeast Asia

At the same time, in terms of the quantity and quality of economic development, we should expand the space and fields of development. Recently, the Chinese government has introduced policies such as industrial policy optimization, 5. Balanced regional development of creep testing machines, and energy efficiency improvement, which are also the core contents of South Korea's industrial policy. Under the similar policy environment of the two countries, it is also very necessary to improve the industrial exchanges between the two countries and the cooperative relations between the two countries to new fields. Under this background, scholars and experts of the two countries can widely exchange their experience in the economic development and industrial policies of the two countries and discuss the future development. In this sense, today's China South Korea forum is very meaningful, After the Asian financial crisis, make a brief introduction to South Korea's financial policy and industrial development

in the past, South Korea was an export-oriented strategy, which has achieved rapid development, but the system of high input and low efficiency has not changed, the liabilities of enterprises are increasing, and in the rapidly changing world environment, development will stagnate. We ushered in the painful Asian financial crisis 10 years ago, and the South Korean government has carried out decisive reforms in the public sector. In order to overcome this crisis, Especially in terms of structural adjustment, including reducing liabilities, making substantial financial cuts, including the reform of the personnel system and improving the transparency of operations, were the priority areas of reform at that time. As a result, many small companies have been reduced, and their personnel have also been refined. After two years of efforts, they have overcome the Asian financial crisis. In addition, the ability of external supervision has been improved, and the transparency of enterprises has also been greatly improved. With the short-term structural adjustment, including the increase of high added value in the production of automobiles, electronics, steel and other products, the strategy of famous brands is being strengthened, and the development efforts of small and medium-sized enterprises and new technologies have expanded investment in this regard. In addition, Korean enterprises have indeed increased their exports and foreign investment in order to improve their international competitiveness. As a result, during the Asian economic crisis, South Korea is the first country to repay the hardness value measured by the international

IMF loan, and it is a country that gives priority to overcoming the crisis. Short term achievements: the investment in equipment of enterprises is shrinking, and the employment of different industries is shrinking, which greatly hinders the medium and long-term development potential of the national economy, and there are negative problems, thus transforming from the previous model of economic development to a new growth engine. The negligent experience of economic development can be shared in various fields, and a similar strategy has been established, which is the core of our industrial policy

all the guests of this summit forum, in fact, I watched the documentary produced by CCTV on the rise of great powers a few days ago. I was deeply inspired. What are the historical lessons that Chinese experts share with Chinese people through such documentaries, especially the history after the Renaissance era? It is the spirit of South Korea's recent promotion of new industrial policy, which is in one continuous line. This is the challenge of creativity, continuous innovation, and enterprising initiative to open up. Reform and opening up are the core factors that are important to the development and prosperity of a powerful country, and history has only verified this

now the world needs to comprehensively consider energy efficiency, environmental protection and product quality. Communication and globalization, knowledge-based transformation. The reason for economic development used to be labor and capital investment, but now the use of knowledge and information is very important. Under such circumstances, industrial policies should formulate medium - and long-term development strategies in terms of new technology development, creativity and talent training, and should lead such economic development for the innovation of the entire economic field. At present, South Korea ranks first to sixth in the world in automobile, shipbuilding, steel, oil, etc. the key to the future of South Korea lies in high-end technology. After the formulation of South Korea's industrial policy, the South Korean government has been committed to the development of new technologies, so it expanded to 0.8% of the total GDP in 2005, which is a very important figure for the investment in new technology development

in addition, in order to meet the requirements of the industry, we have continuously increased the proportion of science and engineering talent training. From 12% in 2000 to 18% in 2005, specialized talents have joined the industry. The same is true in the service field. The transformation to the knowledge age is very active, especially in consulting, circulation, logistics design, manufacturing based service talent training, and the improvement of the business environment. In addition, in the field of innovation of small and medium-sized enterprises, in order to expand their technological capabilities, they have promoted the strategy of cultivating small and medium-sized enterprises through interaction and cooperation with large enterprises and small and medium-sized enterprises, making many efforts to cultivate small and medium-sized enterprises ineffective. Not only that, South Korea has expanded its innovation capacity according to different regions, but also built some industrial settlements, and formulated the national medium and long-term balanced development strategy, especially such an innovative industrial development strategy, What the policy needs is private leadership, and the government just builds such a foundation according to the market

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